Total revenue for the quarter under review stood at SAR 1.7 billion, as compared to SAR 1.45 billion in the year-ago period.
SWCC is a Saudi Government Corporation responsible for the desalination of seawater, producing electric power, and supplying various regions in the Kingdom with desalinated water.
The 45,471 deadweight vessel allegedly hit the Ning Yang (FF-938) Knox Class frigate amidships on its port side.
With record footfall and a renewed spirit of optimism at Breakbulk Middle East 2019, executives are cautiously speculating that the sector may have turned a corner
Bahri in its statement added that it strictly adheres to and ensures full compliance with the applicable laws and regulations in every market where it operates.
The company’s sustained efforts to enhance its maritime capabilities and offerings and the better performance of its five business units helped report solid results in 2018, said Abdullah Aldubaikhi, CEO, Bahri
Acquisitions in the pipeline will be financed from the company’s own funds and banking finance, the CEO said.
It’s unclear what additional security measures have been put in place to satisfy Bahri of the security of its vessels.
At least six Bahri-owned very large crude carriers (VLCCs) have anchored off Salalah as the Bab el-Mandeb strait ban continues.
Bahri said new vessels commissioned into Bahri’s fleet over the last six months helped it offset any negative impact of lower transportation rates during the quarter.
Six ro-ro, conventional and heavy-lift cargo ships have been deployed on Bahri’s new French service.
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